Vivo India expects to remain as a ‘going concern’

Kolkata: Chinese smartphone maker Vivo Mobile India has said in a regulatory filing with the Registrar of Companies (RoC) that it expects to continue as a “going concern” and manage capital to be financially solvent. The development comes at a time when the company’s auditors have flagged concerns in RoC filings over Vivo’s ability to be a going concern due to multiple regulatory actions against the company.

Vivo, which was the country’s largest smartphone maker in the April-June quarter as per researcher IDC India’s latest data, said it will maintain “optimal capital structure to reduce cost of capital”.